Ellcot Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 2,700.1 million compared to PKR 2,604.93 million a year ago. Net income was PKR 92.63 million compared to PKR 422.39 million a year ago. Basic earnings per share from continuing operations was PKR 8.46 compared to PKR 38.57 a year ago.
For the six months, sales was PKR 5,737.13 million compared to PKR 4,997.1 million a year ago. Net income was PKR 222.75 million compared to PKR 823.98 million a year ago. Basic earnings per share from continuing operations was PKR 20.34 compared to PKR 75.25 a year ago.